Re:Why it’s so hard to fix banking: An interview with Simple...
by fjsolwmv on Saturday May 19, 2018 @11:55AM
(#17108383)
That's a poverty problem not a banking problem. If you keep a $1000 balance in a checking account, your bank is making $5/mo from your interest.
Like every other thing poor people can't afford, it could be solved by UBI/EITC/negative income tax, or direct service if you like big government, but banking isn't special.
Like every other thing poor people can't afford, it could be solved by UBI/EITC/negative income tax, or direct service if you like big government, but banking isn't special.